Title: 🚨 Bearish Rejection Confirmed: Fading the Relief Rally 📉
The Setup (SHORT
$BTC ):
Entry Zone: $64,100 - $64,300
Invalidation / Stop Loss: $64,650 (Structural break above the recent 1H swing high)
Target 🎯 1: $63,400
Target 🎯 2: $63,000
Target 🎯 3: $62,600
The Market Narrative:
Bitcoin is currently facing heavy headwinds as delayed US regulatory action on the CLARITY Act and massive ETF outflows—the largest seen since June—smother bullish momentum. With ongoing corporate selling pressure actively capping rallies, the market is struggling to find the fuel needed for a sustained breakout.
The Technical Breakdown:
Looking at the 1-hour chart in image_3b5c88.png, BTC is printing a textbook lower-high rejection. After a steep decline from the $65,474 level down to the $62,535 lows, the recent relief bounce pushed directly into a heavy supply block between $64,400 and $64,600. The hourly candles immediately printed long upper wicks upon tapping this resistance, signaling aggressive seller absorption and total buyer exhaustion.
The momentum that drove the initial bounce is rapidly fading, pulling the price back down toward the $64,000 level. This structural rejection indicates that the short-term downtrend remains in control. The recent upward impulse was likely a liquidity grab designed to trap late longs before trend continuation to the downside.
What is your game plan right now: are you shorting this rejection or waiting for a deeper drop to accumulate? Let me know below! 👇
#cryptotrading $BTC #TechnicalAnalysis #CryptoBear Disclaimer: This is for educational purposes only and is not investment advice. Always do your own research and manage your risk.